StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Operations management - Essay Example

Comments (0) Cite this document
Summary
Now that the project has been successfully completed, time has come to look back and reflect on various hurdles and roadblocks that were encountered and dourly overcome while the project was being painstakingly worked upon.
The strategic management module was most relevant to…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER97.4% of users find it useful
Operations management
Read Text Preview

Extract of sample "Operations management"

Download file to see previous pages which attempted to retain market leadership by focussing solely on improvement of operational effectiveness without paying adequate attention to the overall business strategy of brand positioning and other very important human resource issues as job satisfaction, aggressiveness, motivation, performance, trust and commitment. Both made the same mistake of forgetting the broader perspective and tried to tackle an economic and marketing issue in isolation. It was only natural that both the attempts ended in failure.
There were several different types of issues that had to be resolved as the project developed. At one end was the difficulty in transposing the theoretical knowledge acquired from study modules to the practical context of the project. At the other end was the lack of skill in identifying broad trends that generally tend to affect business mandarins all over the world. There surely is a trend-setter like Toyota, but it requires the experience of a veteran researcher to be able to identify a new trend and forecast a phenomenon that will sweep the world in days to come even when it is in its nascent stage and is being experimented and fine tuned by the trend setter. This ability to immediately spot an idea that would shape tomorrow’s business and commerce can only be acquired through years of patient research and, quite obviously, is not visible in the current project.
At this stage, it must be admitted that the in-depth graphical analysis of the operational wheel of Tesco or a thorough examination of the technology and production processes adopted by Morgan car manufacturing company helped the researcher to attain that analytical frame of mind.
The extensive knowledge (albeit theoretical) about not only lean but also agile supply chains that the researcher obtained by undertaking several projects on this topic made him fully realise the necessity of the decoupling point ...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Operations management Essay Example | Topics and Well Written Essays - 10000 words”, n.d.)
Operations management Essay Example | Topics and Well Written Essays - 10000 words. Retrieved from https://studentshare.org/miscellaneous/1556929-operations-management
(Operations Management Essay Example | Topics and Well Written Essays - 10000 Words)
Operations Management Essay Example | Topics and Well Written Essays - 10000 Words. https://studentshare.org/miscellaneous/1556929-operations-management.
“Operations Management Essay Example | Topics and Well Written Essays - 10000 Words”, n.d. https://studentshare.org/miscellaneous/1556929-operations-management.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Operations management

Operations Management

... that is being undertaken. An operations manager is an action officer and operations management is one of the most demanding jobs in a company or organisation. He/she needs all the information necessary and provides an immediate, rational decision, but information is not as readily available anytime because of one reason or another. Operations management deals with decision making related to production processes to ensure that the results are produced according to specifications. Information about materials, labor and resources are used to obtain goods or services using one or more conversion and transformation processes. This adds value to the product. (Shim and Siegel, 1999, p. 2) Operations management begins with a step-by-step process...
6 Pages (1500 words) Essay

Operations Management

...?Running head: Operation management Operation management Introduction Looking at operation management, itis one of the areas of management in any organization with the responsibility of overseeing, designing, as well as redesigning business operations during the production of goods and services. It ensures that business operations are efficient in using few resources as needed as well as meeting customer demands. It ensures that proper processes have been used in converting inputs in to outputs. In any business operation whether service or manufacturing operation, operation management should be effective in driving the organization to achieving its set goals and objectives. Below are some of the operation systems which have been applied...
8 Pages (2000 words) Essay

Operations Management

...? Contemporary Issues in Operations Management AFFILIATION: Question a Since all the relevant information about Return on sales is mentioned in the question, the data has been used to derive the relevant cost and income amount so that desired Return on Sales i.e. 10% and 15% can be calculated. In the case, it has been mentioned that the fixed cost will remain constant; hence, the following table shows the detailed calculation of achieving targeted Return on Sales. Actual data (?m) Increase in sales by 8% (?m) Increase in sales by 16% (?m) Sales Revenue 20 21.6 23.2 Variable cost (25%) 5 5.4 5.8 Contribution Margin (Sales Revenue- Variable cost) 15 16.2 17.4 Fixed Cost 14 14 14 Net Income (Contribution Margin – Fixed Cost) 1 2.2 3.4 Return...
20 Pages (5000 words) Essay

Operations management

...?Running head: OPERATIONS MANAGEMENT Case study: Fiat; intangible specialization and product mix optimization Insert Insert Grade Insert Tutor’s Name 11 January 2011 Case study: Fiat; Intangible specialization and product-mix optimization 1. What do we mean by “Intangible Specialization”? Most of the organizations, which engage in the production of goods or services, usually have measures in place to enhance the specialization of the work in order to reap maximum benefits from the practice of specialization. Though advantageous to the company, specialization may pose problems if the company attempts to change production systems. However, in some situations, intangible factors may lead to the specialization of the company in a certain area...
8 Pages (2000 words) Essay

Operations management

...?Operations Management: Discuss three phases of a project as well as the responsibilities of project managers. Project Management can be seen to contain three distinct phases: Planning, Scheduling and Controlling. During the Planning phase, the requirements of the project are properly understood. The Project Manager (PM) fits the new project within the broader Project Organization, so that existing projects continue to run smoothly. The PM also interacts with the clientele and other stakeholders so that the scope of the project is fixed. It is the responsibility of the PM to temporarily assign members to the project, as well as to co-ordinate “activities with other departments and to report directly to top management.” (from the text, p.49...
2 Pages (500 words) Essay

Operations Management

...? Operations Management Studies have revealed that the initial industrial revolution started in Britain in the second half of the 18th century. This big step in the history of mankind began with the textiles’ industry mechanization (McManners 2012). Tasks earlier done manually by use of hands in the weavers’ cottages were joined together into one cotton mill; thus, giving birth to the factory. In the early 20th century, the second industrial revolution occurred when Henry Ford become proficient at moving the assembly line and promoted the era of mass production (Markillie 2012). These two early industrial revolutions have made people extremely rich and able to embrace urbanization. Now, the third revolution is underway...
4 Pages (1000 words) Assignment

Operations Management

...? Operations Management 30th April, The product design process for clothing retailers determines the cost, quality, look and availability of the product. Explain how the design process might result in reduced product cost for some products and a faster time to market for products where fashion needs to change frequently. Relate your answer to Marks and Spencer fashion brands. Introduction Product design is one of the most important processes in the apparel industry because it determines various characteristics of the product such as the product cost, quality, the looks as well as the availability of the product in the market. For example the case study for Mark and Spencer that is involved in providing high quality fashionable products...
6 Pages (1500 words) Essay

Operations Management

...?INTRODUCTION With the passage of time organizations have been giving more importance to the effective and efficient management of the operations andother related tasks. This in turn has given rise to different theories related to operations management (Halldorsson, Kotzab, Mikkola, Skjoett-Larsen, 2007). Within operations management there are different domains and aspects which should be managed in effective and efficient manner by the organization, like supply chain management, production management, forecasting, logistics management, and many other. In this paper an attempt has been made to understand the impact of the production management, forecasting activities, and quality management within production and supply management...
8 Pages (2000 words) Assignment

Operations Management

...(Brown 2005). Non-value adding activities not only increase costs but also result in poor outputs, slow delivery and reduced flexibility to respond to the market forces. In our following discussion, we will start by understanding the various theories and latest practices in the field of Operations Management (OM). We will also try to understand the practical aspects of OM and see how these are actually implemented in the real organizational context. Since we need to analyze Aldi Stores, which is a chain of retail stores, we will look at the implications of Operations management in the field of retail management. Retail has become a very competitive field...
12 Pages (3000 words) Essay

Introduction to Change Management

Management often follows a “change management process” to change the existing process or activity.
Change management is a systematic approach for dealing with change that takes place in the organization as well as at the individual level. Such change management comprises of three aspects: adapting change, controlling it and finally affecting it. These three aspects of change management were well explained in three stages of change model given by Lewin (1952) and the three stages are “unfreezing”, “change” & “refreezing” (Orlikowski & Hofman, 1997). Another model for change was introduced by Prosci after conducting a research on more than 1000 companies from 59 countries....
7 Pages (1750 words) Case Study

Risk Management in the Airline Industry

With revenues in excess of ₤9 billion and a fleet of 245 aircraft as of March 2009, Heathrow-based BA’s risk management strategies provide an excellent example.
b) easyJet Plc, a Low-Cost Carrier, flying to more than 100 destinations in Europe, UK, and Northern Africa, and clocking over 50 million seats, with revenues of ₤2.4 billion in 2007-08 [2]. Covering over 380 routes with a fleet of 165 aircraft as of September 2008, Luton-based easyJet’s risk management strategies provide another excellent example with a different set of policies.

The airline industry, internationally, is characterized by its exposure to substantial operational and financial risks. Financial risks result in uncertainly in key pa...
6 Pages (1500 words) Case Study

Strategic Management Systems in the Decision Making of an Organization

He will change his brand as soon as he realizes that his needs might be catered in a better way by some other brand. This creates the need for efficient planning tools and updated information.
An important aspect here is that the management system should work in accordance with the vision of the organization. It is only one of the reasons for the failure of a system. There are several more causes that shall be investigated.
It shall be investigated as to how strategic management systems assist in identifying the strengths and weaknesses of a company (Hitt 2009). It gives the company an opportunity to make their products and services better for their customers.
Strategic management systems can be defined as the proce...
10 Pages (2500 words) Assignment

The Role of Human Resource Management

Positivism is a scientific method of inquiry-based on facts rather than on opinions and attitudes. In positivism, there is a belief that the world exists externally and that the objective method of measurement should be used. This implies that only knowledge that is measurable is “valid” and hence the epistemology of positivism is connected with quantitative methods of research. Interpretivism is the qualitative approach through which it is possible to understand the subjective reality. Through interpretivism, it would be possible to make sense of the data collected and achieve the goals of the research.

Any research is a methodical study on a particular subject, which uses facts and figures. The research st...
10 Pages (2500 words) Assignment

Management Accounting: Costing and Budgeting

Standard costing and related variances is a valuable management tool. If a variance arises, management becomes aware that manufacturing costs have differed from the standard (planned, expected) costs

(b)Under Always Better Control (ABC) method of production; the units which are lesser in numbers but highest in values are controlled first. Next, the units which are both moderate in unit numbers, but value-wise are controlled next. Finally, a comparatively lesser degree of control over items in inventory which are higher in unit quantity, but lesser value is taken up. The logic is that, the items which must contribute to inventory costs are given highest priority, since this impacts their bottom lines.

(c)The f...
12 Pages (3000 words) Assignment

Management Information System of Linux

As emphasized by GB direct (n.d.) “one of the principal reasons for the growth of open-source software is its affinity with this business model” (par. 8). The support applications specifically come in the form of “helpdesk advice and diagnostic research and direct intervention to diagnose and resolve problems” (GB direct, n.d., par. 24).

The helpdesk application of open source software “backs-up and extends in-house resources when they are approaching their limits” (GB direct, n.d., par. 26). Even unskilled staff or personnel without any technical knowledge of software applications are assisted by the program to back-up relevant files. This support mechanism of open-source software ca...
6 Pages (1500 words) Assignment

Performance Management Process: General Electric

General Electric (GE) is considered as the most successful multinational organization in the world.  It is known for peculiar strategies, practices and management patterns, specifically instrumented by its erstwhile CEO, Jack Welch.  According to Welch, the performance-driven culture is the basis for all success at GE. Jack Welch is one of the toughest leaders who has played a vital role in removing bureaucracy and bringing positive change in terms of performance evolution, vitality curve, training and development facilities, etc.

According to Campbell et al, performance is a behavior or action meant to achieve the organization’s goals, which can be measured (cited by Latham, Sulsky & MacDonald, 366)...
6 Pages (1500 words) Case Study

Operations Management Function: Tesco Plc

The value chain of the company includes all the functional areas of an organization. It includes the primary activities as well as the secondary activities of an organization. Primary activities of an organization include its operational functions and secondary activities are that support the former to meet the operational objectives of a company. Operational activities of an organization include core functions like producing final products or services. Therefore, managing operations is the foremost responsibility of operation managers. Operation management is responsible for managing the entire process related to the production and distribution of final products and services to the target consumers. The primary activities of o...

9 Pages (2250 words) Case Study

Of What Use Are Management Ideas and Concepts in the Practice of Management

All human activities and goals are achieved by following a certain path and procedure. These procedures and ways are important for the accomplishment of all tasks either domestic or official. The management of time, finance and other resources are important to successfully accomplish the tasks. Hence, the burden of success rests with the management techniques which incorporate proper utilization of all resources including financial and nonfinancial resources. One of the basic concepts in today’s environment is teamwork or group work. The coordination between the group members is also an important factor when it comes to the efficient and effective achievement of group goals. The task of a manager is to direct the group membe...
6 Pages (1500 words) Coursework

The Sarbanes Oxley Act on the Ethical Management of IT

The new system of regulation for fraud-free corporate reporting has been put to operate as per the Sarbanes-Oxley Act which was passed in 2002 against corporate financial reporters such as self-regulating accountants and organizational accounting departments. Sarbanes-Oxley Act is implementing some of the guidelines under the authorities of Congress and other accounting institutions. But it seems that Sarbanes-Oxley Act, together with other bodies such as Public Company Accounting Oversight Board (PCAOC), Securities and Exchange Commission (SEC), etc are unable to provide justifications for the stoppage of such unscrupulous activities (Engel, Hayes, & Wang, 2005). It had been observed that organizations may somehow avert futur...
6 Pages (1500 words) Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Operations management for FREE!

Contact Us